Bailout-Sinks! « TheWritersCafe.org: "Paulson’s deliberations come amid indications that the passage and signing by President George Bush of the massive market intervention bill did little to immediately improve the credit crunch.
Mohamed Erian, co-chief executive of the giant asset management firm Pimco, told the newspaper that short-term credit trading for anyone other than the federal government remained at a “virtually nonexistent level” Friday, saying, “While constituting a necessary condition, the rescue package is not sufficient to radically counter the immediate disruptions.”"
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